(Bloomberg) -- Morgan Stanley, trading at less than half of its liquidation value, could be worth as much as $32 a share in a breakup, said Michael Mayo, an analyst at CLSA Ltd.
Short-sellers betting against Morgan Stanley would be “blown to Neptune” if the New York-based investment bank heeds calls for the biggest U.S. financial firms to be split into pieces, Mayo, 49, said today in an interview on Bloomberg Television’s “Street Smart.” The stock gained 2.7 percent to close at $12.96 in New York.
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